Theories on where the coins go after being dumped and if they rotate stock?

[theproph]

I live in a pretty small town so I dont have a lot of options when it comes to dump banks or banks for that matter. My CU orders me boxes of halves and dimes every week. I then dump at my fiancees CU and repeat the cycle each week. I also found out my CU and my fiancees CU go in on coin orders together, some kind of partnership, even though they are totally different branches/brands of CU. Anyways do I run the risk of searching my own dumps because my CU buys/sells coin back and forth with my dump bank? When the armored car service picks up the dumps they obviously go to Loomis to get counted and re-rolled but do I run the risk of my dumps getting picked up, rerolled, boxed, then sent right back to me or do they rotate their stock? I ask because I swear I got the same exact half that someone drew sunglasses and a hat on with a permanent marker the next week after dumping it. Should I try and dump at a different bank thats not working with my CU or since most banks use Loomis around me does it even matter where I dump? Any thoughts, info would be great! Thanks!

 

[The_EE]

I would say yes, you run the chance of searching your own dumps. You are basically pooping where you eat, even though you are doing it at two different banks, sooner or later you will get back what you put in.

I pick up from only one bank ( 3 different branches ) and I dump into 4 other banks ( 2 branches of one for a total of 5 dump banks ), that makes it a sure deal I dont get my searched dumps back.

 

[GarouLady]

I run into the same problem because almost all the other banks that I have checked out so far I have to have a account with in order to dump or pick up coins at. So I plan on dumping part of my coins at one bank, pick up a box of coins, and then go across town and dump the majority of my coins at another bank. I need ot check the other banks that I saw and see if I need a account to dump coins. Or at the least buy a couple rolls of halves here and there.

I was thinking if I am picking up at so many banks, I wanted to write on each roll where I got them. Just in case I get a score and needed to go back.

::hears the wind outside:: ohhh, its very very windy outside and the lights are flickering. Yuck!

Hugs and Smiles,
Garoulady

 

[nube250]

I only pick up from banks that use Brinks and dump at a bank that uses Garda as their distributor, pretty sure I won' t get my own back but I do unfortunately get a lot of other peoples dumps. I especially hate when people re-wrap using the same roll, at least give me a shot at getting some loose Ag.. Gotta hate sloppy seconds

 

[weighit]

One bank asked me to stop returning the coins in the wrappers and she gave me $500 and $1,000 clear plastic bags to return the coins in. The other bank I turn coins into won't take them in bags and only rolled. So when in feel like re-rolling they go one way, when i'm tired and don't want to roll they go another way in a bag. I buy from Brinks & Loomis and dump at Guardia banks. Figured I would not get my own dumps back that way.

 

[Easy]

One way to find out. Try MARKING your coins to see if you get any back...LOL

FLAME ON!

 

[theproph]

One way to find out. Try MARKING your coins to see if you get any back...LOL

FLAME ON!

I actually might do this as an experiment to see if I am or not. No I wont paint the whole damn coin like some have/still do. I was thinking a small dot of nail polish near the rim. When I mean dot, I mean a very tiny dot that wouldnt look like someone was deliberately painting coins.

Its just really hard for me to find a good system for CRH where Im at because I only have 11 banks total in my town and none are huge national chains with 20 branches in one city that you can rotate around. I have to be strategic with my dumps and I just recently found out my CU and that other CU in my town share coin orders so I have to figure out something new.

 

[Easy]

I actually might do this as an experiment to see if I am or not. No I wont paint the whole damn coin like some have/still do. I was thinking a small dot of nail polish near the rim. When I mean dot, I mean a very tiny dot that wouldnt look like someone was deliberately painting coins.

Its just really hard for me to find a good system for CRH where Im at because I only have 11 banks total in my town and none are huge national chains with 20 branches in one city that you can rotate around. I have to be strategic with my dumps and I just recently found out my CU and that other CU in my town share coin orders so I have to figure out something new.

just use a sharpie pen. you can make a huge mark it doesnt matter cause it will wear off in a few years.

 

[Wilmingtonsilver]

I would think that since you are dumping into the same coin company on a regional basis, you are dumping into your own supply, at least regionally. It would be like dumping to the same very large bank that has very many tellers. You are going to get back the same coins a lot sooner. I would suggest, finding a bank to either order from or dump to that is a different coin company.

 

[ArkieBassMan]

I would think that yes you do indeed have the chance of re-searching some of your own dumps due to likely dumping right back into your own system. However, unless you are doing an insane number of boxes, that likelihood is all but negligible. The coin service that your CUs use undoubtedly processes millions and millions of coins weekly and you're only dumping a few thousand. I wouldn't worry about it. I have dumped right back into my system for over 3 years now. I have no choice. The same Loomis truck visits every bank within 50 miles of me. Over those 3 years I have dumped MANY holed, plated, stickered, uniquely marked (not by me), etc etc etc halves that I would easily recognize, and not a single one of them has ever returned. With that said, I have undoubtedly searched some halves more than once. I don't think its that many though.

 

[maverick]

I'm sure you may bet some back, I search brinks and dump into Garda and Loomis, now, I have rerolled my dumps and brought them into a Garda seviced bank ( I know this for a fact) and use to different Banks, not branches, to do my system, I have recieved back my own rerolled box of dumps before. No one can seem to explain how this happened to me. How does a rorolled Brinks box dumped at a Garda seviced bank end up[ getting back to a Brinks facility and then sent back out to me? So I'm not sure on the whole dumping into another carrier so you don't get any of your back thing. I know I do get them same coins back through my boxes though every so often. HH, Maverick.

 

[lovewiibrew]

I'm sure you may bet some back, I search brinks and dump into Garda and Loomis, now, I have rerolled my dumps and brought them into a Garda seviced bank ( I know this for a fact) and use to different Banks, not branches, to do my system, I have recieved back my own rerolled box of dumps before. No one can seem to explain how this happened to me. How does a rorolled Brinks box dumped at a Garda seviced bank end up[ getting back to a Brinks facility and then sent back out to me? So I'm not sure on the whole dumping into another carrier so you don't get any of your back thing. I know I do get them same coins back through my boxes though every so often. HH, Maverick.

Its funny you mention that. A head teller told me the other day when dumping that I'm probably going through the same coins. I told her that Loomis brought me my coins and I dump them at her bank (Garda) so that was not possible. She said she almost guaranteed that they share coins regardless of carrier. She said if I got them from a different REGION they would be different coins. I take that with a grain of salt, but your reply substantiates that claim.

 

[maverick]

Its funny you mention that. A head teller told me the other day when dumping that I'm probably going through the same coins. I told her that Loomis brought me my coins and I dump them at her bank (Garda) so that was not possible. She said she almost guaranteed that they share coins regardless of carrier. She said if I got them from a different REGION they would be different coins. I take that with a grain of salt, but your reply substantiates that claim.

Ya, I'm wondering if all the carriers meet at one facility to pick up and dump their coin orders too, if so, that may explain this event. Other wise, I'm still mift by this, but I know I see the same coins floating through my boxes, I dump and pick up in 2 different suppliers. I'm still getting every once in a while some orange sprayed coins that I recieved months ago floating through my boxes still. I kinda think we are just searching whats on top, sorta speak, it just the same coins floating around, I'm sure there are some that we have never even touched still sitting in boxes in the facility's storage, only when there is a heavy week of hunters ordering do we get to some boxes that haven't been moved in awhile. Last weeks boxes for me ahd marks in them I had never seen before and some of them were loaded with silver, I think that is what happened last week for me, heavy orders uncovered some that hadn't been searched before.

 

[Wilmingtonsilver]

If your idea pans out as far as us just constantly skimming the top over and over again, it just goes to prove that we need to get halves back into more circulation instead of just dumping back at the bank. We need to get more halves in peoples pockets, so that when we order our boxes we are getting further down the pile.

 

[quiksilver]

Yes u may get your dumps back but it is ok as others are still dumping or unloading silver into that cycle , I have gotten silver mixed in with coins that were mine or someone else's dumps

 

[namster]

Gentlemen and ladies...

We all search through our dumps. Fact of life. Also, yes, the couriers in many cases pick up their coin at the same location. For instance, Garda and Loomis in my area both deliver the same boxes. I have received boxes from both on the same day where a collection was spread beteen boxes from both couriers (15 bicentennial 40%ers between 3 boxes).

Another interesting tidbit...

I have been going through a LOT of new coin. Boxes that are either solid 2001s or between 50% and 75% solid 2001. Last week I received one such box. Packed in next to all the shiny coins was 67x2 and a 64. The 64 was literally in the middle of a solid roll of new coins.

 

[lovewiibrew]

I may consider buying boxes from other regions to see if my luck improves. Now just gotta figure out what would be a different region from where I'm at! I like CWRs better though. But boy, they have been stinking lately.

About the carriers sharing: My only doubt with it is the fact that at one point Loomis told my bank they were out and I didn't get my boxes. There's no way all the coin couriers in my city were out so this gives me doubts on them sharing coins.

 

[maverick]

Gentlemen and ladies...

We all search through our dumps. Fact of life. Also, yes, the couriers in many cases pick up their coin at the same location. For instance, Garda and Loomis in my area both deliver the same boxes. I have received boxes from both on the same day where a collection was spread beteen boxes from both couriers (15 bicentennial 40%ers between 3 boxes).

Another interesting tidbit...

I have been going through a LOT of new coin. Boxes that are either solid 2001s or between 50% and 75% solid 2001. Last week I received one such box. Packed in next to all the shiny coins was 67x2 and a 64. The 64 was literally in the middle of a solid roll of new coins.

I had the new coins today, 50 to 75% in 3 of my 4 boxes, 67 and 68 mixed in, that was all I got outta 4 boxes today. I hate opening the box and seeing all the new coins, uuhhg, had the same thing a few weeks ago to, I wonder why a serge of them hits the system like that? But, yes, I agree with ya, all we're doing is searching dumps in hopes that nobody snagged the CWR's at the bank before they get a chance to get dumped into the system. HH, Maverick.

 

[ArkieBassMan]

I had the new coins today, 50 to 75% in 3 of my 4 boxes, 67 and 68 mixed in, that was all I got outta 4 boxes today. I hate opening the box and seeing all the new coins, uuhhg, had the same thing a few weeks ago to, I wonder why a serge of them hits the system like that? But, yes, I agree with ya, all we're doing is searching dumps in hopes that nobody snagged the CWR's at the bank before they get a chance to get dumped into the system. HH, Maverick.

Common sense (not that I have much of that ) tells me that 1 of 2 scenarios would get you boxes of new/mostly new coins: 1. Your supplier is running low on inventory and dipping into stock that has been boxed for years, and these paricular coins were boxed primarily from new bags of halves directly from the Fed. I don't really expect this to be the case very often as I don't think the coin courier service would tie up a large amount of their resources in boxes of coins that just sit there collecting dust for years on end. That doesn't make good "business sense" at all. 2. Your supplier ran low on inventory and received new inventory from the Fed which were boxed up along with the other coins that came in that day/week. Due to half dollars not circulating much in my lifetime, I would think that the Fed still has many bags of halves in their possession that have never seen the light of day.

 

[ArkieBassMan]

I'm sure you may bet some back, I search brinks and dump into Garda and Loomis, now, I have rerolled my dumps and brought them into a Garda seviced bank ( I know this for a fact) and use to different Banks, not branches, to do my system, I have recieved back my own rerolled box of dumps before. No one can seem to explain how this happened to me. How does a rorolled Brinks box dumped at a Garda seviced bank end up[ getting back to a Brinks facility and then sent back out to me? So I'm not sure on the whole dumping into another carrier so you don't get any of your back thing. I know I do get them same coins back through my boxes though every so often. HH, Maverick.

It would make good business sense for courier services to have a "sharing" policy with neighboring couriers when their inventory runs low. I'm sure the Fed has a minimum order, and that minimum might be a lot more than they need, and they certainly don't want to tie up resources in inventory that isn't really needed. Maybe they have plenty of inventory but their coin counting/rolling machine was on the fritz for a bit. I would think thats its likely that most couriers have the ability to "borrow" from nearby couriers.